With RateFlex℠, we have combined the best of both options. You get the standard rate lock, which protects you against rising rates after you sign your purchase contract. But we then go one step further by allowing you to re-lock your rate lower if rates go down. You can re-lock any time after your loan is approved and up to one week before closing.
This takes the stress out of the decision. You get the safety of a lock and can get a lower rate if the market improves.
It’s a win-win situation.